Business Maverick: Tech Weighs on Stocks, Dollar Down Most Since 2020: Markets Wrap

Markets will watch the latest US inflation reading on Thursday after the core consumer price index rose more than forecast to a 40-year high in September. Even if prices begin to moderate, the CPI is far above the Fed’s comfort zone.“This jobs report likely does not push the Fed off its path for a 50-75 bp rate hike in December. However, the next big economic report that could move the needle for the Fed is next week’s CPI report.

The asset class had inflows of $62.1 billion in the week through Nov. 2, according to a note from the bank citing EPFR Global data. That’s contributed to $194 billion of inflows into cash from the start of October — the fastest start to a quarter since 2020.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Maverick: Markets wrap: Global stocks set for weekly drop and China reboundsGlobal stocks headed for a weekly loss amid fears that Federal Reserve interest rate hikes may trigger widespread recession.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Business Maverick: How a Mysterious China Screenshot Spurred $450 Billion RallyNobody is quite sure who wrote it, when it was written or if it’s even true. But a screenshot of four paragraphs detailing a China reopening plan was enough for traders to scoop up stocks for two days running.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Asian equities get boost from rise in China stocksHong Kong’s Hang Seng index climbs 3% after US stocks close lower for a fourth consecutive session
Fuente: BDliveSA - 🏆 12. / 63 Leer más »

Uber whistleblower says current business model ‘absolutely’ unsustainableMark MacGann, the whistleblower behind the so-called Uber Files, said that the ride-hailing company seemed to be taking steps toward improving its work culture but that its business model was still 'absolutely' unsustainable. Moneyweb BusinessNews
Fuente: Moneyweb - 🏆 5. / 77 Leer más »